This is an excellent work of history: thorough, creative and non-dogmatic. Chakrabarty undertakes a meticulous class composition analysis of Bengal's jute industry, attentive to both the perspectives of labour and of capital, and embedded within the particularities of Bengal at the time. This is a useful account of the ways in which the "real abstraction" of capital is always mediated by the real movement of history. Chakrabarty intervenes into teleological Marxian conceptions of history as linear, as producing a uniform working class, by showing how the proletarianisation process did not erase pre-capitalist differences in Bengal. Indeed, such differences were sustained by an array of cultural, social and political practices both exogenous and endogenous to the process of production.
While certain class-reductionist perspectives might take this to be an anti-Marxist text, Chakrabarty is a rigorous and attentive reader of Marx, and shows that it is naive to read history only from the level of abstraction that Marx wrote best in. I think this text is fruitfully read alongside recent non-teleological Marxist texts, such as those that foreground class composition, social reproduction, and surplus populations. Chakrabarty reminds us that as the abstraction of capital descends into history, its universalising drive is not total, nor is emancipation guaranteed. The only inevitability is struggle, though it may take many forms.